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Net profit of 87 mln for NBG in Q1
EconomyBanking, largely on the back of lower reliance on the Emergency Liquidity Assistance (ELA) funding and time... for funding. Operating expenses fell 7 percent QoQ and 2.2 percent year on year (YoY) to 309 million.... On the liquidity front, Eurosystem funding dropped by 1.2 billion QoQ to 22.8 billion in Q1 and further by another
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ECB holds off on reinstating Greek waiver, waits for completion of prior actions
Economyare eligible for Eurosystem funding collateral This means, the total nominal amount of Greek... funding stands at 9.3 billion euros. Based on the currently applied haircut of around 45 percent... funding cost stands 150 basis points above that of ECB funding, meaning that Greek banks could benefit
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingwith the NPE cash coverage ratio at 47 percent. Eurosystem funding declined by 3.6 billion euros QoQ..., increased repos and deposit inflows. In specific, the Emergency Liquidity Assistance (ELA) funding dropped by 2.6 billion since March to 13.5 billion, while ECB funding fell by 2.9 billion to 11.5 billion
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBanking, mostly reflecting lower Eurosystem and wholesale funding cost that more than offset reduced loan... funding fell by 2.3 billion QoQ to 12.6 billion in Q3 and further by another 1.3 billion in November and currently stands at 11.3 billion. The Emergency Liquidity Assistance (ELA) funding dropped from
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingin Q4, reflecting weaker lending NII almost offset by lower funding cost related to Eurosystem funding, pillar II bonds and deposits. For the whole year, NII increased by 5.8 percent largely due to lower funding cost. The management noted that Q4 trends are expected to be maintained this year
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBanking) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost... for the whole year. Balance Sheet Eurosystem funding fell by 5.4 billion QoQ to 15.5 billion in Q1, largely due to a cut in ECB funding by 4.5 billion. Emergency Liquidity Assistance (ELA) funding
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBanking), while the weaker loan NII due to deleveraging was offset by lower funding cost. The latter related to reduced reliance on Emergency Liquidity Assistance (ELA) funding and lower pillar II bonds...) in Q1 from 201 bps in Q4. Balance Sheet Eurosystem funding was reduced by 1.3 billion QoQ to 17 billion
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingnet loans. Balance Sheet Eurosystem funding fell by around 2.3 billion QoQ and came to 9.7 billion euros at the end of Q4. Across the year, funding fell by 11.2 billion. Emergency Liquidity Assistance (ELA) funding dropped to 5.7 billion at the end of December, while ECB funding fell to 4 billion
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingto 102 bps from 252 bps in 2017. Eurosystem funding Eurosystem funding in Q4 stands at just 2.3 billion... ) funding. Towards the end of March, it was reported that all of Greece’s banks were now off ELA funding. Repo funding came to 3.6 billion in Q4 2018, standing at 2.1 billion in March 2019. Capital
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBanking. Improved funding costs also contributed NII performance. The new time deposits rate stood at 61 bps... wholesale funding cost impact following the total elimination of Emergency Liquidity Assistance (ELA...-of-risk guidance for 2019 ranges from 160 to 180 bps over net loans. Balance Sheet Eurosystem funding
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